I added recently as well. Including BNO, GAZ and UNL. I figure BNO will be in higher demand with severe oil shortages in Europe.
Greg I do have a question. When demand for oil/gas during the recession plummets how will I know it is time to sell (other than your recommendation) before it drops to far? If it gets to 140 I am going to start taking out the profit.
Generally it will skyrocket demand wise during the winter. So probably September to December is a good time to sell.
You can also do a covered call contract at 75% in the money when you think it has peaked. Thus if you time it wrong, you won't lose 100% of the price difference.
Good morning Gregory. Do you have any thoughts on EV .sector being cars or other related companies. If oil is so hi wouldn't it be a good time to load up on EV?
I also think, we can expect 140 USD in WTI. But before (imo) it is possible that WTI is going down to about 90 USD. So for me atm it is to risky to buy now and I will wait.
It is overbought because people think it will spike higher during winter. You know, when Europe actually needs the fuel for heating or they will freeze to death.
I'm not that familiar with DMA other than what I just read. Because it isn't an actual company it may not work the same way but, I am really just guessing. But, several reasons I think it is still a good by is inflation and the Ukrainian crisis (embargoing Russian Oil). Searching for what to invest in during inflation and commodities pop-up. As Greg talks about inflation pushes commodities up. Also the craziness of Europe embargoing Russian oil. They are talking about some 3rd country buying oil (e.g. India, Turkey). It gets sold a couple of times to "clean" the country of origin then gets sent back to Europe at a higher price. So there is less oil to go around it is going to be much more expensive. And if the stock market tanks the money doesn't fly away it is likely to go to commodities (and crypto).
I know someone in mid 2000s who bought a chocolate store in a mall because they researched and chocolate and alcohol did well in recession. Only things to make people feel good I guess. Well they went out of business during the recession. Just an anecdote.
PM I am a lover of! I have the hots for PM like people watching Babewatch seeing Pamela Anderson. People will buy Diageo and Phillip Morris even during a recession!
People with horrible habits is my profits! Booze, Sex, and Smoking........................Recession Proof. If I am wrong, watch BOARDWALK EMPIRE reruns!
Thanks for all the updates Greg. I agree wholeheartedly!
I added recently as well. Including BNO, GAZ and UNL. I figure BNO will be in higher demand with severe oil shortages in Europe.
Greg I do have a question. When demand for oil/gas during the recession plummets how will I know it is time to sell (other than your recommendation) before it drops to far? If it gets to 140 I am going to start taking out the profit.
Generally it will skyrocket demand wise during the winter. So probably September to December is a good time to sell.
You can also do a covered call contract at 75% in the money when you think it has peaked. Thus if you time it wrong, you won't lose 100% of the price difference.
Thanks, checking both tips out today. We appreciate you so much.
Thanks 😄
Wish you would have told us to buy USO in Dec. Do you think USO can hit 900 like in 2008. I think Biden can do it.
Good morning Gregory. Do you have any thoughts on EV .sector being cars or other related companies. If oil is so hi wouldn't it be a good time to load up on EV?
Have a great day
I also think, we can expect 140 USD in WTI. But before (imo) it is possible that WTI is going down to about 90 USD. So for me atm it is to risky to buy now and I will wait.
Another item that will increase the price of gas if not oil ...
Oil refinery to shut down. Refines about 1% of total (2019) if my calculation is right.
https://www.msn.com/en-us/money/markets/massive-oil-refinery-on-track-to-shut-down-amid-fuel-supply-shortages-record-prices/ar-AAYbMLV?ocid=entnewsntp&cvid=4f883ac9dfc64e9f92f7e7823cd8f6c8
and USOI for those that don't have the liquidity to buy 100 of USO for covered contracts or who want a more stable income per month.
Thanks Greg!! - picked up a little MSFT and added to GS too
Your a lot smarter then me Greg but that is way over bought and so far above it’s 200 DMA it’s dangerous up here short term.
It is overbought because people think it will spike higher during winter. You know, when Europe actually needs the fuel for heating or they will freeze to death.
I'm not that familiar with DMA other than what I just read. Because it isn't an actual company it may not work the same way but, I am really just guessing. But, several reasons I think it is still a good by is inflation and the Ukrainian crisis (embargoing Russian Oil). Searching for what to invest in during inflation and commodities pop-up. As Greg talks about inflation pushes commodities up. Also the craziness of Europe embargoing Russian oil. They are talking about some 3rd country buying oil (e.g. India, Turkey). It gets sold a couple of times to "clean" the country of origin then gets sent back to Europe at a higher price. So there is less oil to go around it is going to be much more expensive. And if the stock market tanks the money doesn't fly away it is likely to go to commodities (and crypto).
Copy that i checked on ibm got it had it for a while lolololol going long but pay that dividend thanks gm
Thanks. Bought a little
Hmmm. It's had a pretty good run up already. No doubt it has more room to run. But how much upside? Why not a beaten down company like Haliburton ?
What does the rest of the audience think about HSY?
I know someone in mid 2000s who bought a chocolate store in a mall because they researched and chocolate and alcohol did well in recession. Only things to make people feel good I guess. Well they went out of business during the recession. Just an anecdote.
PM I am a lover of! I have the hots for PM like people watching Babewatch seeing Pamela Anderson. People will buy Diageo and Phillip Morris even during a recession!
People with horrible habits is my profits! Booze, Sex, and Smoking........................Recession Proof. If I am wrong, watch BOARDWALK EMPIRE reruns!
Thank you.